News Centre

China Financial Futures Exchange Revised The Measures On The Management Of Market Makers

Date 06/11/2020

On November 6th 2020, China Financial Futures Exchange (the “Exchange”) released the revised version of the Measures of China Financial Futures Exchange on the Management of Market Makers (the “Measure”). The revised Measures added a relevant provision that the Exchange may adopt a tiered approach to market maker management. 

Kaizen Reporting Wins ‘Best Compliance Product – Regulatory Reporting’ At Buy-Side Technology Awards

Date 06/11/2020

Leading regulatory reporting firm Kaizen Reporting (Kaizen), has won ‘Best Compliance Product – Regulatory Reporting’ at the Buy-Side Technology Awards for its ReportShield™ Accuracy Testing service.

Shanghai International Energy Exchange Releases The Notice On The Adjustment Of Storage Fee Of Futures Crude Oil And Futures Low Sulfur Fuel Oil

Date 06/11/2020

Shanghai International Energy Exchange (hereinafter referred to as “INE”), subsidiary of Shanghai Futures Exchange，has released the Notice on the Adjustment of Storage Fee of Futures Crude Oil and Futures Low Sulfur Fuel Oil (Circular [2020] No.185 ) on November 6, 2020.

Japan's Securities And Exchange Surveillance Commission: Public Consultation On Partially Amendment Of Securities Monitoring Guidelines

Date 06/11/2020

The Securities and Exchange Surveillance Commission (“SESC”) has now launched a public consultation on Partially Amendment of Securities Monitoring Guidelines which sets out the basic procedure for inspection.

Japan's Securities And Exchange Surveillance Commission: Public Consultation On Partially Amendment Of Securities Monitoring Guidelines

Date 06/11/2020

The Securities and Exchange Surveillance Commission (“SESC”) has now launched a public consultation on Partially Amendment of Securities Monitoring Guidelines which sets out the basic procedure for inspection.

Shanghai International Energy Exchange Has Released Its Circular On The Approval Of BANDS Financial Limited As Overseas Special Brokerage Participant

Date 06/11/2020

Shanghai International Energy Exchange has released its Circular on the Approval of BANDS Financial Limited as Overseas Special Brokerage Participant as follows:

Upon deliberation of the Board of Directors, and in accordance with the Overseas Special Participants Management Rules of the Shanghai International Energy Exchange and relevant provisions, Shanghai International Energy Exchange (INE) hereby approves BANDS Financial Limited to be the Overseas Special Brokerage Participant of INE.

Japan's Financial Services Agency: Public Consultation On Cabinet Office Order To Partially Amend Cabinet Office Order On Financial Instruments Business, Etc., The Ordinance To Partially Amend The Ordinance On Financial Services Providers' Deposit For Operation And Regulatory Notices

Date 06/11/2020

The Financial Services Agency (“FSA”) has now launched a public consultation on Cabinet Office Order to partially amend Cabinet Office Order on Financial Instruments Business, etc., the Ordinance to partially amend the Ordinance on Financial Services Providers' Deposit for Operation and Regulatory Notices.

New Zealand Financial Markets Authority Releases Standard Conditions For Licensing Of Financial Advice

Date 05/11/2020

The Financial Markets Authority (FMA) has released the final standard conditions for a full Financial Advice Provider licence and confirmed three classes of financial advice service, following an extensive consultation with the industry.

ASIC: Former Macquarie Financial Adviser Charged With Dishonesty Offences

Date 05/11/2020

On 30 October, following an ASIC investigation, former financial adviser Mr Warren Scott Acworth appeared before Brisbane Magistrates Court charged with 27 offences, namely:

• 16 counts of making false or misleading statements contrary to sections 1041E(1) and s1311(1) of the Corporations Act with each offence carrying a maximum penalty of 10 years’ imprisonment and/or a fine varying between $810,000 and $945,000;
• six counts of making a statement that was false contrary to section 64 of the ASIC Act (Cth) with each offence carrying a maximum penalty of two years’ imprisonment and/or a fine of $21,000; and
• five counts of to fraud contrary to section 408C(1)(e) of the Criminal Code (Qld) with maximum penalties varying between 14 and 20 years’ imprisonment. 

British Columbia Securities Commission Panel Rejects Request To Unlock Registered Retirement Accounts

Date 05/11/2020

A panel of the British Columbia Securities Commission (BCSC) has dismissed Earle Douglas Pasquill’s effort to remove a preservation order preventing him from withdrawing or transferring funds from his registered retirement accounts.